Triton Wealth Management PLLC Trims Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Apr 18th, 2023

Triton Wealth Management PLLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the software giant’s stock after selling 43 shares during the period. Microsoft accounts for about 1.0% of Triton Wealth Management PLLC’s portfolio, making the stock its 15th largest position. Triton Wealth Management PLLC’s holdings in Microsoft were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. State Street Corp increased its position in Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD increased its position in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the period. Alliancebernstein L.P. increased its position in Microsoft by 0.4% during the 3rd quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock valued at $11,514,665,000 after purchasing an additional 208,765 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Microsoft by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock valued at $9,396,477,000 after purchasing an additional 215,103 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. KeyCorp raised their target price on shares of Microsoft from $270.00 to $316.00 and gave the company an “overweight” rating in a research report on Wednesday, March 29th. Barclays lifted their price objective on shares of Microsoft from $280.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group set a $310.00 price objective on shares of Microsoft in a research report on Monday, February 27th. Stifel Nicolaus lifted their price objective on shares of Microsoft from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $305.00 to $310.00 and gave the stock a “market perform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.89.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the transaction, the chief marketing officer now directly owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

MSFT opened at $288.80 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The firm has a fifty day moving average price of $268.51 and a 200 day moving average price of $250.01. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $294.18. The stock has a market cap of $2.15 trillion, a P/E ratio of 32.09, a P/E/G ratio of 2.53 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. During the same period in the previous year, the business posted $2.48 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.31 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. Microsoft’s payout ratio is 30.22%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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